Following The Money: Institution’s Growing Stake In Dollar General Corp (NYSE: DG)

Dollar General Corp (DG) concluded trading on Thursday at a closing price of $75.63, with 3.6 million shares of worth about $272.21 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -41.95% during that period and on December 26, 2024 the price saw a gain of about 1.33%. Currently the company’s common shares owned by public are about 219.93M shares, out of which, 219.29M shares are available for trading.

Stock saw a price change of -0.41% in past 5 days and over the past one month there was a price change of -1.25%. Year-to-date (YTD), DG shares are showing a performance of -44.37% which decreased to -43.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $72.12 but also hit the highest price of $168.07 during that period. The average intraday trading volume for Dollar General Corp shares is 4.16 million. The stock is currently trading -2.53% below its 20-day simple moving average (SMA20), while that difference is down -3.22% for SMA50 and it goes to -32.69% lower than SMA200.

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Dollar General Corp (NYSE: DG) currently have 219.93M outstanding shares and institutions hold larger chunk of about 88.73% of that.

The stock has a current market capitalization of $16.63B and its 3Y-monthly beta is at 0.44. PE ratio of stock for trailing 12 months is 12.46, while it has posted earnings per share of $6.07 in the same period. It has Quick Ratio of 0.15 while making debt-to-equity ratio of 2.39. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DG, volatility over the week remained 2.99% while standing at 3.20% over the month.

Stock’s fiscal year EPS is expected to drop by -23.93% while it is estimated to increase by 3.05% in next year. EPS is likely to shrink at an annualized rate of -3.83% for next 5-years, compared to annual growth of 4.82% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on December 06, 2024 offering a Buy rating for the stock and assigned a target price of $95 to it. Coverage by Telsey Advisory Group stated Dollar General Corp (DG) stock as a Market perform in their note to investors on December 06, 2024, suggesting a price target of $88 for the stock. On October 22, 2024, Bernstein Initiated their recommendations, while on September 27, 2024, Citigroup Downgrade their ratings for the stock with a price target of $73. Stock get a Market perform rating from Telsey Advisory Group on August 30, 2024.

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